Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1851. At this point, we should expect an attempt to test the upper boundary of the downward channel near the area of 1.1860 and continue falling to the area below the level of 1.1480.
EUR/USD weekly forecast on December 25 — 29, 2017
In favor of the fall of EUR/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown at the level of 1.2050, indicating that the pair will continue to grow above 1.2350. Expect to accelerate the fall of the Euro/Dollar on FOREX is worth a breakdown of the level of 1.1700.
EUR/USD weekly forecast on December 25 — 29, 2017 involves an attempt to test the upper limit of the bearish channel near the level of 1.1860, from which one should expect an attempt to rebound and continue the fall of the pair with a potential target at 1.1480, the cancellation of the euro’s fall option will be a breakdown at the level of 1.2050.
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